February Home Sales in Cincinnati

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February single-family home sales Greater  Cincinnati not impacted by virus scare…. yet!

Cincinnati Realtors Report

February closings reflect sales from December and January.  The market jitters and unease about the coronavirus is having a ripple effect on the local real estate market. 

Agents are dealing with anxious buyers backing out of deals after waiting months to find their dream home.  It’s not every deal-but the uncertainty will most likely show up with slower sales in March ( with fewer closings in April).  Only time will tell if lower interest rates will combat the pandemic impact.

The median sale price rose +0.1% compared to February 2019 and down -0.3% from last month.  The average sale price was up +0.3% from February 2019 and down -1.3% from last month.

price graph for single family homes in greater Cincinnati

The number of new listings increased by +59.5% from last month.  And down -1.5% compared to January 2019. 


Inventory bar chart for single family homes in greater Cincinnati
The total inventory of properties for sale as of February was down -8.7% from last month and down – 29.8% from February 2019.  Contributing to the “seller’s market” February property sales were up +6.1% from February 2019 and up +15.4% from last month.

Market Time

market time graph for single family homes in greater Cincinnati
The average Days on Market (DOM) for February was 45 down -2.2% from last month and down -8.2% from February 2019.  It’s still considered a seller’s market.


February numbers show gains in all the counties but Butler.  Single-family home sales volume for the 4 counties.  Data pulled from the CincyMLS.
bar chart comparing single family home sales 2019 to 2020 in greater Cincinnati Ohio


The average sale price for single-family home sales continues to appreciate. 

# SoldAverage Sales Price# SoldAverage Sales Price
MLS 2407$214,8712590$222,101

For in-depth reports on sale prices in your neighborhood-send a request for a full market evaluation?  Anything else – Call/Txt